cuemath funding 2020

Cuemath spent Rs 3.96 to earn a single rupee of operating revenue, improving by 34.3% as compared to Rs 6.04  it spent to earn the same during FY19. Meanwhile, funding for 4 of the total funded startups remained undisclosed. Cuemath: . Funding in Indian startups this week (18 Jan-23 Jan), Exclusive: Kids-focused fintech platform Junio mops up seed round, Bytedance set to wrap up Indian ops and lay off over 1,800 employees, Swiggy’s topline reaches Rs 2,956 Cr in FY20; outstanding losses shoot up to Rs 7,003 Cr, Banned Chinese apps SHAREit and AppLock manage to get downloads in India, Cuemath’s topline jumps 2X to Rs 24 Cr; manages to shrink losses in FY20, Crofarm records 2.2X revenue growth in FY20; claims 5,000 daily orders with Otipy, Rapido posts 10X topline growth; spent Rs 350 Cr in FY20, Licious allots equity shares under ESOP to its employee welfare trust; topline jumps 90% in FY20, Register for Unicorn Trip 3.0 Cuemath is backed by Alphabet Inc, CapitalG, Lightstone Fund, Manta Ray Ventures, Trifecta Capital, Sequoia India, Falcon Edge’s Alpha Wave Incubation, Unitus Ventures and others. It is with great pleasure that we share this: CapitalG and Sequoia India have invested in Cuemath. Google-backed edtech startup Cuemath has raised $40 million in its Series C … Math learning startup Cuemath received a big Series C cheque to dominate the venture funding chart this week. Among them, Cuemath raised the highest funding of about $40 million followed by DealShare, which raised $21 million. New Delhi: Education start-up Cuemath, run by Cuelearn Pvt. In most cases, students can remember all the exercises and score well in exams. YourStory 10 Dec 2019. According to their website, Cuemath had around 5000 teachers and 50,000 students as of October 2019. Edtech startups raised a record $1.8 billion in funding in 2020. YourStory 05 Mar 2020 [Funding alert] Edtech startup Cuemath raises $5.5M in an extended Series B round. In January 2017, Cuemath had raised $15 million (Rs 102 crore then) in its Series B round of funding from CapitalG (formerly known as Google Capital) and Sequoia Capital India. Existing investors CapitalG, which is Google’s venture capital arm, and Sequoia Capital also participated in this round. Existing backers, Sequoia Capital, Google’s investment arm Capital G, and Manta Ray also participated in the round. Lorem ipsum dolor sit amet, consectetur adipiscing elit. To find out about these and other venture deals involving tech startups this week, watch the video. Sequoia Capital Overall employee rating is 3.7 out of 5 (as of 17th Nov 2020) Bengaluru-headquartered edtech startup Cuemath, which is run by CueLearn, is reportedly in talks to raise $40 Mn – $45 Mn funding in Series C round from … Cuemath General Information Description. Picus will invest up to USD 75 million in Asia’s early-stage tech startups. Cuemath spent Rs 3.96 to earn a single rupee of operating revenue, improving by 34.3% as compared to Rs 6.04  it spent to earn the same during FY19. Cuemath has passed a special resolution to allot 200 equity shares and 144,618 Series C CCPS at an issue price of Rs 20,518.56 per share to raise the amount. 28 December 2020. 25 Jan 2021.css-wazei9{margin-left:0.5em;margin-right:0.5em;}•04:55 AM. Before that, the company had raised $15 million in its Series B round from CapitalG and Sequoia Capital India in 2017. Mathematics focussed learning platform Cuemath has managed to double its scale of operations in the last fiscal year claiming to teach more than forty thousand students via its teacher network. December 8, 2020 2 min read You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Rural kindergarten funding 2020. source: Unsplash. Capital G, Sequoia, and Manta Ray Ventures pumped in USD 5 million, USD 1 million, and USD 2 million, respectively. Annual losses have also dropped by 1.8% to Rs 55.34 crore during the fiscal ended in March 2020 and EBITDA margins have improved from -330.86% in FY19 to -178.61 during FY20. Mathematics focussed learning platform Cuemath has managed to double its scale of operations in the last fiscal year claiming to teach more than forty thousand students via its teacher network. Lorem ipsum dolor sit amet, consectetur adipiscing elit. .css-1u2pdc2{color:inherit;display:inline-block;}.css-1u2pdc2:hover,.css-1u2pdc2[data-hover]{-webkit-text-decoration:underline;text-decoration:underline;}Ursula Florene. Google-backed edtech startup Cuemath raises USD 40 million from Lightstone Aspada and Alpha Wave Incubation. In April 2019, the company revised its agreements with the teachers on its platform and shifted to a franchise-based model where Cuemath would provide the services of fee collection, education material and customer acquisition to the teachers and charge a fee for the same in place of a revenue-sharing model it was following previously. Embed Graph. This week, Alpha Wave Incubation, Lightstone Fund, and other existing investors participated in Sequoia-backed Cuemath’s $40.9 million fundraise. Chhavideep Singh December 9, 2020. Business Education Startups. Falcon Edge had raised $300 million for its India focused fund Alpha Wave Incubation (AWI) in February this year. Cuemath Capital Raised. This brings Cuemath's total funding to $67.4M to date. Below is the summary of deals closed this week. 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